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China Spacesat profits rise 7.62 pct in 2015

Xinhua, March 12, 2016 Adjust font size:

China Spacesat Co., Ltd., the nation's key developer of small satellites, reported a 7.62-percent rise in net profits last year.

Its net profits totaled 383 million yuan (59 million U.S. dollars) last year, according to a latest report released on the website of the Shanghai Stock Exchange.

The company's sales revenue reached 5.45 billion yuan in 2015, up 16.82 percent from the previous year. Earnings per share were 0.32 yuan.

Founded in 1997, China Spacesat is a listed company held by the state-owned China Aerospace Science and Technology Corporation. Endi